The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1887-08-27
HOW TO OBTAIN A HOME.
HE CALDWELL BUILDING AND LOAN
AssOCIATION--ITS AIMS
AND PROSPECTS.
FEW FACTS AND FIGURES ON THE
SUBJECT.


The desire to acquire ahome an
accumulate property is well mig
Universal, The question which me
# moderate incomes find SO Difficult
o solve, is how to make the star
n the first place.
Men who have made their mil
ions, have often said thatthe hard
list work they had was to save tn
irst thousand dollars. The clerl
,r mechanic, for instance, receives
lis months pay; after paying his
'ent, grocery bill and other current
expenses, he has small amount
eft. What shall he do with til
Fhe sum is too small to loan, even
# he had time to attend to it. He,
therefore, hands it to his wife to put
aside for "a rainy day" But one
gant succeeds another; the money
ls at hand, and little by little it
slips away. And SO it goes on week
after week, and month after month,
and year after year, and he finds
himself no richer than when he be-
gan. He is often reproached for
bis improvidence, but he has done
as we'll as he could.
The questions which interest
thousands, are: GLOW can | invest
4 portion of my earnings every
month in such manner as to unite
he greatest profits with the most
absolute security, and how can l
secure a home on the easiest pos
,ible terms?" 1t was in answer to
,hese questions that Building and
Loan Associations were first devils
ID, and how well they have answer
ID them, the thousands of comfort
Ible homes throughout the country,
'uilt through their agency, bear
witness. In Philadelphia, for in
lance, it is we'll known that nearly
ii the mechanics own their homes.
nd hence that city is called "The
'ity Of Homes" This has been
one by the aid of Building and
.oan Associations. In Denver, in
tances are numerous of prosperous
usiness men, builders, merchants,
ankers, etc., who made their first
tart and laid the foundation of
leir fortunes by investing their
arnings each month in Building
nd Loan Associations. Others
ave built homes with the funds
rovided by these Associations,
aging back, monthly, the amount
ley had previously paid for rent,
nd in a few years their places were
aid for. They had hardly missed
lie money, while they had enjoyed
le satisfaction of living where
,ery tree they set, and every shrub
icy planted, and every flower that
lossomed beside their doorway,
financed the value of their prop
ty, and adorned and beautified,
I'd made dearer their own home.
In the absence of any reliable
TIA, as the time of this writing the
ganization had not been perfect
|, we will suppose the number of
lares in the Caldwell Associa-
IN to be 1000. The initiation
twenty cents per share, and the
onthly installments one dollar
r share. When the shares reach
e value of 800 each, the Associa-
IN closes and the assets are divid-
pro rata among the members.
the monthly meeting the money I
the treasury is loaned to the
ember bidding the highest pre-
ium-the borrower giving salts
Glory security. The interest is
per cent per annum, payable !
onthly The amount loaned to I
v one member is limited to 500 s
each share of stock that he holds. G
, is also required to deposit with t
2 Association five shares of stock t
every $500 or fraction thereof, t
rrowed by him. On these shares g
continues to pay the monthly
tallments, and also the interest c
his loan. When, therefore, the il
res become worth 81 600 each ;,